March 31, 2022

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Lateral hiring rebounded at an unprecedented rate of nearly 111% in 2021, NALP says
(DBN)

U.S. lawyers swapped firms at record pace in 2021, report finds
(DBN)

Harvard Law's Fall From Grace In The U.S. News Law School Rankings
(DBN)

Did lawyers for Barclays cause $600M error?
(DBN)

The Biglaw Firm Advising Ukraine On Sanctions
(DBN)

Dentons Ukraine Lawyers Move to Poland, Other Europe Offices
(DBN)

Law Firm Relocations Show Nimble Response to Population Trends
(DBN)

'Even pariahs have rights': judge refuses request by Ogier to stop representing sanctioned Russian bank VTB
(DBN)

Coca-Cola never adopted diversity plan for law firms; group that threatened suit targets other companies Coca-Cola Shook Up Diversity Efforts, Racist Shareholders Gushed Out
(DBN)

When 'Loof Lirpa' goes awry, enter the lawyers
(DBN)

Legal tech company creates tools to help Ukrainians apply for immigration relief
(DBN)

Judge Judy To Keynote Law School's First In-Person Graduation Ceremony In 3 Years
(DBN)

Associate Tells Biglaw To Buzz Off So He Can Start New Career As Beekeeper
(DBN)

A Message From Yale Dean Gerken On The March 10 Protest
(DBN)

Free Speech Doesn't Mean Hecklers Get To Shut Down Campus Debate
(DBN)

Virginia lawyer invokes 'Will Smith defense' at murder trial — and loses
(DBN)

BLM protest leader can be sued for officer's injuries, top state court says
(DBN)

New York AG Appeal Alleges Trump Org Kept Internal Set Of 'Real' Books
(DBN)

Court Orders Trump Organization To Cough Up Those Cell Phones In NY AG Probe
(DBN)

What the law says about presidential records
(DBN)

The January 6 committee is seemingly moving toward recommending charges for Trump Judge Won't Issue 'Split Sentences' in Jan. 6 Cases Without a 'Controlling Precedent' on Unresolved Legal Question Federal Judge Compares Jan. 6 Riot to Lynch Mob: 'They Regret It Afterwards But They Joined in It' 'We Took It. They Ran. And Hid.': Florida Man Who Pushed His Way Inside the Capitol Rotunda on Jan. 6 Pleads Guilty to Felony Man Accused of Assaulting Police at Peace Circle Claims Key Figure Behind Jan. 6 Conspiracy Theory Can Help His Case Jan. 6 Panel Asks Attorney General to Do His Job Yes, Merrick Garland can prosecute Mark Meadows (and Peter Navarro, and Dan Scavino)
(DBN)

Oh, Now Everybody Wants To Be A Lawyer
(DBN)

Hackers' Path Eased as 600,000 U.S. Cybersecurity Jobs Sit Empty
(DBN)

Alex Jones Offers to Settle Sandy Hook Defamation Claims by Paying Plaintiffs $120K Each and Issuing 'Heartfelt Apology for Any Distress His Remarks Caused' Sandy Hook dad who rejects Alex Jones' defamation settlement offer vows to 'fight him' at damages trial After Flipping Off Court By Ducking Deposition, Alex Jones Flips Off Sandy Hook Plaintiffs With Insulting Settlement Offer Judge in Sandy Hook Case Holds Alex Jones in Contempt of Court, Orders Escalating Fines of $25,000 Per Day Until InfoWars Host Sits for Depositions
(DBN)

Asylum limits at border expected to end May 23 Officials bracing for unprecedented strains at Mexico border
(DBN)

David and Victoria Beckham's horror as masked burglar breaks into their mansion while they were at home
(DBN)

'Tell My Kids that I Love Them': Woman Accused of Fatally Stabbing Boyfriend, Following Him into Another Apartment as He Left a Final Message for His Children
(DBN)

Prosecutors Drop Murder Case Against 96-Year-Old Colorado Man Whose 'Continued Delusions' Mean He'll Never Be Competent to Stand Trial
(DBN)

Court: Geofence Warrant is Unconstitutional
(DBN)

______________

Judges:

US Bankruptcy Court Vacancy Announcement: Full-time Two-Year Term Law Clerk (San Antonio, TX)
(DBN)

GOP Sen. Susan Collins will vote for Biden Supreme Court pick Ketanji Brown Jackson With at least one GOP vote, Jackson likely to be confirmed Ketanji Brown Jackson Is Basically Already A Supreme Court Justice Now
(DBN)

Ketanji Brown Jackson Is Actually The Third Of A Kind
(DBN)

Political battle lines form on Clarence Thomas McConnell blasts 'clumsy bullying' amid Thomas scrutiny Want Clarence Thomas To Resign? You Aren't Alone
(DBN)

A key Supreme Court ruling protecting workers is now in jeopardy
(DBN)

Richard Posner's lawyer says the retired judge has Alzheimer's, didn't have capacity to contract
(DBN)

Misconduct finding is vacated against federal judge who refused mental health evaluation
(DBN)

Judge Got Hit By A Train And That's Not Even The Wildest Part Of The Story
(DBN)

ACLU, NAACP sue over South Carolina ban on 'scraping' court records
(DBN)

Divergent views on text and history as justices ponder war powers and sovereign immunity
(DBN)

Judges in the Lab: Analyzing judicial decision making across jurisdictions
(DBN)

Courts Should Not Use In-Person Appearances As Punishment During COVID-19
(DBN)

Judge loses trust in Texas' child abuse investigation of foster care facility and calls for federal inquiry
(DBN)

______________

Wall Street:

Dow and S&P 500 futures are little changed as Wall Street gets set to end a wild quarter
(DBN)

______________

Layoffs:

Walgreens turns to robots to fill prescriptions, as pharmacists' roles expand
(DBN)

Waymo, Chasing Cruise, Plans Fully Driverless Rides in San Francisco
(DBN)

______________

Mass Torts:

Judge allows expedited appeal of J&J's talc bankruptcy strategy
(DBN)

Florida reaches $878 million opioid settlements with CVS, Teva, others
(DBN)

____________

Corporate Reform:

SEC targets SPACs with rules on inflated business forecasts, merger disclosures
(DBN)

U.S. SEC issues new guidance for brokers, advisors on investment recommendations Wall Street Brokers Are Put on Notice by SEC Over Conduct Rules
(DBN)

____________

Student Debt:

What to do if student loans actually restart in May
(DBN)

____________

Labor:

Amazon, union organizers face off again in Alabama
(DBN)

____________

Retailing:

Five Below Slumps as Growth Plan Fails to Impress, Sales Sputter
(DBN)

____________

Healthcare:

NYC Covid Cases Are Rising Again, Mostly Among Those 25 to 34
(DBN)

Pfizer, Moderna Vaccines Aren't the Same
(DBN)

The more contagious Omicron subvariant BA.2 is now dominant in the US and likely to cause an 'uptick' in cases
(DBN)

Biden to announce 'one-stop-shop' website for covid resources, including vaccines and treatments
(DBN)

The CDC's new mask guidance guarantees we'll be too slow for the next surge
(DBN)

Biden to Get Second Covid Booster After FDA Clears Extra Shot
(DBN)

Biden amps up pressure on Congress to pass stalled COVID aid
(DBN)

____________


Economy:

Companies added 455,000 jobs in March, slightly more than expected, ADP says ADP: Private Employment Increased 455,000 in March
(DBN)

U.S. private payrolls rise strongly; higher costs eat into corporate profits
(DBN)

Morgan Stanley Strategists See Threat to U.S. Profits From Wages
(DBN)

Americans Added $4.2 Trillion in Pandemic Savings Skewed to Rich
(DBN)

Q4 GDP Growth Revised down to 6.9% Annual Rate US growth in Q4 revised lower to 6.9%, slower growth to come
(DBN)

1 in 5 workers runs out of money before payday
(DBN)

Barkin: Ukraine may add to inflation, but so far has not hit broader demand
(DBN)

Sanctioned Russian Bank VTB Sees Strong Demand for Gold Bars Sanctioned or not, Russians abroad find their money is 'toxic' Borscht Inflation Shows Russian Price Shocks Are Hard to Escape BP Said to Approach State-Owned Energy Majors on Russia Assets Glencore Halts New Russian Deals But Isn't Quitting Country Ukraine Calls on Marine Insurers to Withdraw Russian Coverage Citi's Caution Threatens to Send More Russian Debt Into Default Russia Threatens to Demand Rubles for Grain, Other Exports Emirates says it will continue flying to Russia as long as the Dubai government tells it to, weeks after major airlines suspended operations to the country Sanctions Or Not, Putin's Oil Fueled War Chest Continues To Grow
(DBN)

Russia war ends era of globalization that kept inflation low
(DBN)

These 5 industries have the biggest gender pay gaps—here's why
(DBN)

The gender wage gap could cost women millions when they retire
(DBN)

Intel CEO earned 1,711 times more than average company worker in 2021
(DBN)

Fed's Barkin Says Half-Point Hike Depends on Economy in May
(DBN)

Biden Poised to Use Cold-War Powers to Boost Battery Metals
(DBN)

Positive Drug Tests Among Workers Two-Decade High
(WSJ)

In U.S., Life Ratings Drop to 13-Month Low
(DBN)

How Mexico City Became a Remote Work City
(DBN)

Ford Salaried Employees Retuning to Office
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Real House Prices, Price-to-Rent Ratio and Price-to-Median Income in January and a look at "Affordability"
(DBN)

How Much Living Space Does $1,500/mth Get You in the U.S?
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

U.S. Mortgage Rates Jump by the Most in 11 Years -MBA
(DBN)

U.S. Treasury says on pace to exhaust most rental aid funds by mid-2022
(DBN)

NYC's Financial District Struggles With Growing Glut of Office Space
(DBN)

Jeffrey Epstein's Notorious Caribbean Islands Seem Wildly Overpriced
(DBN)

Austin wunderkind Nate Paul plots comeback after selling major share of self-storage holdings
(DBN)

____________

Municipalities:

Will Puerto Rico's debt overhaul bring a new chance to prioritize clean energy?
(DBN)

Puerto Rico governor calls for 20% increase in payroll spending
(DBN)

America's major metro areas are shrinking
(DBN)

____________

Oil/Gas:

In re Ultra Petroleum Corp. – Fifth Circuit: Debtors May Reject FERC-Approved Gas Transportation Agreements
(DBN)

Oil jumps 4% on tight supply, prospects of new Russia sanctions
(DBN)

How Gas Prices Compare Around the World
(DBN)

Biden may release oil from reserves to soften 'Putin's price hike' OPEC+ to decide on production as U.S. considers massive release of oil reserves
(DBN)

Nord Stream 2 cost $11 billion. Now, the Russia-Europe gas pipeline is abandoned
(DBN)

____________

Trucking:

Trucker on diesel prices: 'We're going to have a lot of bankruptcies'
(DBN)

____________

Tourism:

Las Vegas February 2022: Visitor Traffic Down 18% Compared to 2019
(DBN)

____________

Climate:

U.S. regulator joins effort to press banks to gauge climate-linked financial risks
(DBN)

Biden administration announces new funding to make homes energy-efficient
(DBN)

Most Climate Action 100+ Companies Are Failing on Emissions
(DBN)

____________

Tech:

Apple and Meta Gave User Data to Hackers Who Used Forged Legal Requests
(DBN)

____________

Hotels:

Blue Moon Sunsets into Bankruptcy
(DBN)

____________

Radio:

Rocking M Media Files For Chapter 11 Bankruptcy
(DBN)

____________

Electricity:

Creditors challenge Chilean hydroelectric project's restructuring outline
(DBN)

The Parties Agreed to a Settlement. Then Things Got Weird.
(DBN)

____________

Insurance:

FL: Two more property insurance agencies deemed insolvent in recent weeks; total up to seven since 2014
(DBN)

____________

Agribusiness:

Corn Is Out, Soy Is In on U.S. Farms Rocked by Soaring Costs
(DBN)

____________

Celebs:

Bankrupt Boris Becker 'wishes' he still had Wimbledon trophies to show kids
(DBN)

____________

Politics:

Inside Hunter Biden's multimillion-dollar deals with a Chinese energy company DOJ turns up the heat on Hunter Biden as a 'flurry of witnesses' provide testimony: report
(DBN)

Kevin McCarthy: Cawthorn Has Lost My Trust
(DBN)

Trump's new right-wing social media app tanks with 93% decline: report
(DBN)

Russian newscaster calls for 'regime change' in U.S., reinstatement of 'partner' Trump
(DBN)

California panel OKs reparations limit for slave descendants
(DBN)

____________

 


New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Discharge:

The recipient of a fraudulent transfer may have committed "actual fraud" for purposes of non-dischargeability
(DBN)

____________

Substitution:

Delaware Supreme Court Permits Substitution of Bankruptcy Trustee as Plaintiff to Resolve "Procedural Conundrum"
(DBN)

____________

Bankruptcy Reform:

Preoccupied Congress Fails to Act, Sending Debt Limit Back Down to $2.7 Million and Reducing Availability of Subchapter V Protection for Small Businesses
(DBN)

Sun Sets on Increased Subchapter V Debt Limit for Now
(DBN)

____________

Third Party Releases:

Southern District of New York and Eastern District of Virginia Curtail the Use of Non-Consensual Third-Party Releases in Plans of Reorganization
(DBN)

____________

Aviation:

MD Helicopters Files Chapter 11 Bankruptcy MD Helicopters Enters Into Asset Purchase Agreement with Group Led by Bardin Hill and MBIA Insurance Corporation
(DBN)

Lessor BOC Aviation repossesses 747-8 cargo plane from Russian operator
(DBN)

World's Biggest Jet Lessor Has $2.5 Billion at Risk in Russia
(DBN)

China's top airlines post wider 2021 losses amid drive to stamp out COVID
(DBN)

Air Canada to Increase Full-Year Capacity on Higher Travel Demand
(DBN)

Hong Kong Considering Easing Covid Rules for Foreign Air Crew
(DBN)

____________

Sovereigns:

Russia says buyback will prevent discrimination against Russian bondholders -Ifax
(DBN)

Russia to Pay $2 Billion Bond in Dollars to Foreign Investors
(DBN)

Ukraine is not considering debt restructuring as war costs mount
(DBN)

____________

UK:

Corporate Restructuring in the UK – the Old or the New?
(DBN)

Eight in 10 U.K. Adults Report Rise in Cost of Living in March
(DBN)

U.K. Sets Out New Law Aimed at Thwarting P&O Ferries Firings
(DBN)

U.K. Hospitalizations Rise After Covid Cases Edge Back Up
(DBN)

Sungard UK goes into administration, blames it on energy crisis
(DBN)

____________

EU:

Cracks widen in euro zone economy as war in Ukraine rages on
(DBN)

ECB's Lagarde insists inflation will stop rising
(DBN)

Ukraine war's impact on EU banks 'manageable', says watchdog
(DBN)

Russia appears to be softening its gas-for-rubles demand, easing supply risks to Europe
(DBN)

Germany issues gas supply warning; Poland to halt Russian oil imports Germany girds for gas rationing, Europe on edge in Russian standoff
(DBN)

Record European Power Prices Show Costly Path Away From Russia
(DBN)

____________

Russia:

Russia to keep gas contract prices unchanged in rouble switch, sources says
(DBN)

What if Putin Didn't Miscalculate? Putin being lied to by own advisers: US defense official Putin May be Misled by His Advisors Putin's strength now looks like his main weakness U.S. sends 100 killer drones called Switchblades to Ukraine Russian pullback from Kyiv is likely to be limited and tactical Russia bombards areas where it pledged to scale back White House adds $500 million in Ukraine aid Number of Ukraine refugees passes worst-case U.N. estimate Ukrainian ambassador says he has 'no idea' what Roman Abramovich is doing at peace talks Russia Ups Bombing of Ukraine Cities
(DBN)

Creditors to Ukraine's Largest Poultry Firm Grant It More Time to Pay Interest
(DBN)

Russia Promotes New World Order w/ China
(DBN)

____________

Germany:

German economic advisors send recession warning as Putin's gas deadline nears German govt advisers slash GDP outlook, see recession risk
(DBN)

Germany Gets Ready For Gas Rationing
(DBN)

'Welcome back to the 1970s': Oil, gas prices push German inflation above 7% German Prices Surge More Than Expected, Most Since Early 1990s
(DBN)

Truckmaker MAN to shorten hours of up to 11,000 workers on Ukraine crisis
(DBN)

European Union Raids Gazprom Offices in Germany in Price Probe
(DBN)

____________

Hong Kong:

Goldman Sachs expects Hong Kong home prices to fall 20% by end-2025
(DBN)

____________

China:

China's Business Confidence Slumps Sharply, PBOC Survey Shows
(DBN)

China tries to limit economic blow of Shanghai shutdown
(DBN)

Major Chinese banks see margins to fall further, set aside more bad loan buffers
(DBN)

VW Eyes Keeping Shanghai Plant Open With Staff Sleeping On-Site
(DBN)

China Pledges to Stabilize Economy and Plan for Uncertainty
(DBN)

China's zero-Covid policy tests small businesses in a make-or-break it year
(DBN)

____________

Switzerland:

Switzerland Abandons Last Covid Restrictions to Return to Normal
(DBN)

____________

Italy:

Bankruptcy in Italy
(DBN)

____________

Australia:

Consultation on the treatment of trusts under insolvency law
(DBN)

Setting off on the wrong foot: creditors are now unable to rely on statutory set-off to defend an unfair preference claim by a liquidator
(DBN)

Looking back and thinking forward: the insolvency landscape in 2022 and beyond – part one
(DBN)

____________

India:

IBBI chooses new chair
(DBN)

The Dichotomy of Special Courts: Contrasting the Companies Act and the IBC
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $69.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2022